I think wave 1 and 2 are over, and we are already in wave 3 ( The Trick is the very quick correction (W2)), it is almost invisible and disruised.
this is my openion, it might be wrong but it is a possibility.
Gold is highly expected to make a new high, because it succeeded in making a new high and now tried to make a new low but seems unable till now, while it has almost successfully finished a full A-B-C Correction (May be a little spike down is necessary) but generally it is going up. I always give EWs 45% - Logic 20% - and 30% For Being Wrong - 5% is for Perfection...